diff --git a/NEWS.md b/NEWS.md
index 3f852f386b..3670ff80ad 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,13 @@
+### v11.23.1 (2024-07-11)
+
+#### Bug fixes
+
+* Updated redis v4 instrumentation to work with transactions(multi/exec) ([#2343](https://github.com/newrelic/node-newrelic/pull/2343)) ([39eb842](https://github.com/newrelic/node-newrelic/commit/39eb8421b84f7fe298acf5c9c89de31ee0cc2604))
+
+#### Documentation
+
+* Updated compatibility report ([#2342](https://github.com/newrelic/node-newrelic/pull/2342)) ([5c9e3e6](https://github.com/newrelic/node-newrelic/commit/5c9e3e6bfa8a388c7dd071ecb0231b069f065645))
+
 ### v11.23.0 (2024-07-10)
 
 #### Features
diff --git a/changelog.json b/changelog.json
index b51add2470..2c281aca78 100644
--- a/changelog.json
+++ b/changelog.json
@@ -1,6 +1,16 @@
 {
   "repository": "newrelic/node-newrelic",
   "entries": [
+    {
+      "version": "11.23.1",
+      "changes": {
+        "security": [],
+        "bugfixes": [
+          "Updated redis v4 instrumentation to work with transactions(multi/exec)"
+        ],
+        "features": []
+      }
+    },
     {
       "version": "11.23.0",
       "changes": {
diff --git a/package.json b/package.json
index f565ae31e9..3aee2b38a5 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "newrelic",
-  "version": "11.23.0",
+  "version": "11.23.1",
   "author": "New Relic Node.js agent team <nodejs@newrelic.com>",
   "license": "Apache-2.0",
   "contributors": [