diff --git a/configure.ac b/configure.ac
index 9e0e0ce5a1..e9cdd7480b 100644
--- a/configure.ac
+++ b/configure.ac
@@ -13,8 +13,8 @@ dnl===-----------------------------------------------------------------------===
 # Update version number here:
 #
 define([vma_ver_major], 8)
-define([vma_ver_minor], 8)
-define([vma_ver_revision], 1)
+define([vma_ver_minor], 7)
+define([vma_ver_revision], 7)
 define([vma_ver_release], 0)
 
 
@@ -29,8 +29,8 @@ AC_INIT(libvma, [vma_ver_major.vma_ver_minor.vma_ver_revision], support@mellanox
 AC_CONFIG_HEADER([config.h])
 
 VMA_LIBRARY_MAJOR=8
-VMA_LIBRARY_MINOR=8
-VMA_LIBRARY_REVISION=1
+VMA_LIBRARY_MINOR=7
+VMA_LIBRARY_REVISION=7
 VMA_LIBRARY_RELEASE=0
 
 AC_DEFINE_UNQUOTED(VMA_LIBRARY_MAJOR, ${VMA_LIBRARY_MAJOR}, [VMA Major Version])
diff --git a/journal.txt b/journal.txt
index 09d1733697..d8894af7bf 100644
--- a/journal.txt
+++ b/journal.txt
@@ -1,31 +1,60 @@
+Version 8.7.7-0:
+Date + Time 2019-01-30
+=============================================================
+Added:
+        - RM #1647737 Modify Packet Pacing capability calculation
+        - RM #1605819 Add ring allocation logic control for all socket types
+        - RM #1576346 Modify RX HW timestamp capability calculation
+        - RM #1614459 Suppress pclose() ECHILD error
+        - RM #1610832 Cleanup socketxtreme in Jenkins
+        - RM #1450183 General code cleanups in ring headers
+        - RM #1450183 Move request_buffers_tx logic to ring_slave
+        - RM #1450183 Move rx_process_buffer logic to ring_slave
+        - RM #1450183 Move detach_flow logic to ring_slave
+        - RM #1450183 Move attach_flow logic to ring_slave
+        - RM #1450183 Move common fields and methods to ring_slave
+        - RM #1582189 Add Device Memory (Memic) support for upstream
+        - RM #1582188 Replace direct memcpy in dm_mgr
+        - RM #1574870 Print warning while RoCE LAG is enabled
+        - RM #1614436 Remove RoCE LAG warning duplications
+        - RM #1617358 Update License date to 2019
+        - RM #1592783 Add mlx5 PTP support for upstream
+        - RM #1608765 Clean redundant dead code from vma_lwip class
+
+Fixed:
+        - RM #1649370 Fix crash during Plugin event
+        - RM #1646743 Fix get_cqe64() processing
+        - RM #1649972 Fix incorrect TCP snd_wnd statistic
+        - RM #1522964 Fix can't be interrupted while VMA_SELECT_POLL=-1
+
 Version 8.8.1-0:
 Date + Time 2018-12-26
 =============================================================
 Added:
-        - RM # Simplify is_mp_ring() method
-        - RM # Cleanup performance counters
-        - RM # Improve UDP performance
-        - RM # Improve rx ring creation flow
-        - RM # Unify poll_and_process_element_rx() and drain_and_process()
-        - RM # Unify rfs_uc::rx_dispatch_packet()
-        - RM # Use single event update method
-        - RM # Disable draining for SocketXtreme
-        - RM # Add SocketXtreme API usage check
-        - RM # Set default parameters for SocketXtreme mode
-        - RM # Add VMA_SOCKETXTREME environment variable
-        - RM # Unify clean_cq() function
-        - RM # Add sanity check for correct SocketXtreme mode usage
-        - RM # Unify setting rx.context
-        - RM # Optimize get_cqe64()
-        - RM # Remove socketxtreme specific methods in cq_mgr_mlx5
-        - RM # Use m_mlx5_cq fields
-        - RM # Remove socketXtreme specific fields in cq_mgr_mlx5
-        - RM # Improve performance of cqe processing
-        - RM # Move socketxtreme cq processing to cq_mgr_mlx5
-        - RM # Use post_recv() in socketxtreme mode from qp_mgr_mlx5
-        - RM # Unify sockinfo code
-        - RM # Enable socketxtreme_poll() for all modes
-        - RM # Unify reclaim rx buffers
+        - RM #1075188 Simplify is_mp_ring() method
+        - RM #1075188 Cleanup performance counters
+        - RM #1075188 Improve UDP performance
+        - RM #1075188 Improve rx ring creation flow
+        - RM #1075188 Unify poll_and_process_element_rx() and drain_and_process()
+        - RM #1075188 Unify rfs_uc::rx_dispatch_packet()
+        - RM #1075188 Use single event update method
+        - RM #1075188 Disable draining for SocketXtreme
+        - RM #1075188 Add SocketXtreme API usage check
+        - RM #1075188 Set default parameters for SocketXtreme mode
+        - RM #1075188 Add VMA_SOCKETXTREME environment variable
+        - RM #1075188 Unify clean_cq() function
+        - RM #1075188 Add sanity check for correct SocketXtreme mode usage
+        - RM #1075188 Unify setting rx.context
+        - RM #1075188 Optimize get_cqe64()
+        - RM #1075188 Remove socketxtreme specific methods in cq_mgr_mlx5
+        - RM #1075188 Use m_mlx5_cq fields
+        - RM #1075188 Remove socketXtreme specific fields in cq_mgr_mlx5
+        - RM #1075188 Improve performance of cqe processing
+        - RM #1075188 Move socketxtreme cq processing to cq_mgr_mlx5
+        - RM #1075188 Use post_recv() in socketxtreme mode from qp_mgr_mlx5
+        - RM #1075188 Unify sockinfo code
+        - RM #1075188 Enable socketxtreme_poll() for all modes
+        - RM #1075188 Unify reclaim rx buffers
 
 Fixed:
         - RM #1603531 Fix pad length in umr mode