diff --git a/api/pom.xml b/api/pom.xml
index 86632a80..2b52709b 100644
--- a/api/pom.xml
+++ b/api/pom.xml
@@ -19,7 +19,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/compatibility-api/pom.xml b/compatibility-api/pom.xml
index 038fa765..79b2770f 100644
--- a/compatibility-api/pom.xml
+++ b/compatibility-api/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/compatibility-provider/pom.xml b/compatibility-provider/pom.xml
index e6f2f317..a31d67ba 100644
--- a/compatibility-provider/pom.xml
+++ b/compatibility-provider/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/compatibility_spark-2/pom.xml b/compatibility_spark-2/pom.xml
index 3568f785..5dc374f0 100644
--- a/compatibility_spark-2/pom.xml
+++ b/compatibility_spark-2/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/compatibility_spark-3/pom.xml b/compatibility_spark-3/pom.xml
index 487a110b..24434b36 100644
--- a/compatibility_spark-3/pom.xml
+++ b/compatibility_spark-3/pom.xml
@@ -19,7 +19,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/component-archetype/pom.xml b/component-archetype/pom.xml
index d94cbc5d..997b9e7c 100644
--- a/component-archetype/pom.xml
+++ b/component-archetype/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/component-scanner/pom.xml b/component-scanner/pom.xml
index 5fdca8f1..3cbb73ad 100644
--- a/component-scanner/pom.xml
+++ b/component-scanner/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
@@ -30,7 +30,7 @@
         <dependency>
             <groupId>za.co.absa.hyperdrive</groupId>
             <artifactId>api_${scala.compat.version}</artifactId>
-            <version>4.6.1-SNAPSHOT</version>
+            <version>4.7.0</version>
         </dependency>
 
         <!--Spark-->
diff --git a/driver/pom.xml b/driver/pom.xml
index 00ee9ee2..78a167b3 100644
--- a/driver/pom.xml
+++ b/driver/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/hyperdrive-release_spark-2/pom.xml b/hyperdrive-release_spark-2/pom.xml
index cdbc234e..2544ccdf 100644
--- a/hyperdrive-release_spark-2/pom.xml
+++ b/hyperdrive-release_spark-2/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/hyperdrive-release_spark-3/pom.xml b/hyperdrive-release_spark-3/pom.xml
index b5d45415..85b6ff95 100644
--- a/hyperdrive-release_spark-3/pom.xml
+++ b/hyperdrive-release_spark-3/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/ingestor-default/pom.xml b/ingestor-default/pom.xml
index fb6ffdbc..8e9383c8 100644
--- a/ingestor-default/pom.xml
+++ b/ingestor-default/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/parent-conf/pom.xml b/parent-conf/pom.xml
index 8d6d669c..9bce5912 100644
--- a/parent-conf/pom.xml
+++ b/parent-conf/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>hyperdrive_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>
diff --git a/pom.xml b/pom.xml
index cb8cacad..10a287bf 100644
--- a/pom.xml
+++ b/pom.xml
@@ -20,7 +20,7 @@
     <groupId>za.co.absa.hyperdrive</groupId>
     <artifactId>hyperdrive_2.12</artifactId>
     <packaging>pom</packaging>
-    <version>4.6.1-SNAPSHOT</version>
+    <version>4.7.0</version>
     <name>hyperdrive</name>
     <description>Hyperdrive is a configurable and scalable ingestion platform that allows data movement and
         transformation from the fast to the batch layer in a Lambda Architecture on top of Apache Spark.
@@ -55,7 +55,7 @@
         <connection>scm:git:git://github.com/AbsaOSS/hyperdrive.git</connection>
         <developerConnection>scm:git:ssh://github.com/AbsaOSS/hyperdrive.git</developerConnection>
         <url>https://github.com/AbsaOSS/hyperdrive/tree/master</url>
-      <tag>HEAD</tag>
+      <tag>v4.7.0</tag>
   </scm>
 
     <licenses>
diff --git a/shared/pom.xml b/shared/pom.xml
index ba3c5cce..62b573ec 100644
--- a/shared/pom.xml
+++ b/shared/pom.xml
@@ -18,7 +18,7 @@
     <parent>
         <artifactId>parent-conf_2.12</artifactId>
         <groupId>za.co.absa.hyperdrive</groupId>
-        <version>4.6.1-SNAPSHOT</version>
+        <version>4.7.0</version>
         <relativePath>../parent-conf/pom.xml</relativePath>
     </parent>
     <modelVersion>4.0.0</modelVersion>