diff --git a/docs/conf.py b/docs/conf.py
index 59e928bcc..f1edbdf02 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -46,7 +46,7 @@
 # The short X.Y version
 version = ''
 # The full version, including alpha/beta/rc tags
-release = '0.3.2'
+release = '0.3.3'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/qiskit/ignis/VERSION.txt b/qiskit/ignis/VERSION.txt
index d15723fbe..1c09c74e2 100644
--- a/qiskit/ignis/VERSION.txt
+++ b/qiskit/ignis/VERSION.txt
@@ -1 +1 @@
-0.3.2
+0.3.3
diff --git a/releasenotes/notes/missing-dependency-e7c99c7751bcd162.yaml b/releasenotes/notes/missing-dependency-e7c99c7751bcd162.yaml
index 86b10c64d..d58a4ee2c 100644
--- a/releasenotes/notes/missing-dependency-e7c99c7751bcd162.yaml
+++ b/releasenotes/notes/missing-dependency-e7c99c7751bcd162.yaml
@@ -8,3 +8,8 @@ upgrade:
     :mod:`qiskit.ignis.measurement.discriminator.iq_discriminators` module was
     imported. This is now correctly listed as a dependency so that
     ``scikit-learn`` will be installed with qiskit-ignis.
+fixes:
+  - |
+    Fixes an issue in qiskit-ignis 0.3.2 which would raise an ``ImportError``
+    when :mod:`qiskit.ignis.verification.tomography.fitters.process_fitter` was
+    imported without ``cvxpy`` being installed.