The latest stable release of v Bulletin 3 is 3.8.11 which was released on 10th May 2017, and is a maintenance and compatibility release (for PHP 7.x compatibility).

v Bulletin 4 was described in this announcement as "an extensive rewrite of the v Bulletin system.

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In 2009, long-time developers Kier Darby, Mike Sullivan, Scott Mac Vicar and Jeremy Hutchings left the company.

Kevin Sours, Don Kuramura, and Ray Morgan took Darby's place as lead developer, product manager, and general manager, respectively.

Initially, it was designed solely as a rewrite of UBB, in PHP using My SQL, and was meant only for their own forum.

Other UBB owners expressed interest in the solution, and they offered to sell it to Infopop, but their proposal was rejected.

On 29 October 2010, Internet Brands filed a second lawsuit in the United States District Court for the Central District of California through its wholly owned subsidiary v Bulletin Solutions, Inc.

against Xen Foro Ltd., and its founders Kier, Mike and Ashley.

The Gold release of v Bulletin 3.6.0 New features in 3.7 included an inline spam management & prevention system, thread tagging and tag cloud, thread prefixes, reciprocal friendship between users, public visitor messaging on user profile pages, user picture albums, user-created social groups, user-customizable profile pages, a lightbox viewer for images attached to posts, post edit history, a notices system, multiple human verification systems, and social bookmarking integration.

Version 3.8 introduced more new features, such as social group discussions, social group categories, private message sorting and filtering options, private message history, quick edit for newer types of content (visitor messages and picture comments), social group icons, social group transfers, a private message quick reply box, private message throttling (limit messages sent over a time period), private message reporting, profile privacy (limit blocks to a subset of users), lightbox navigation, thread prefix permissions, and dismissible notices.

In August, we announced a major overhaul of the code base.

Rather than targeting all of these changes in a single, long-term release, we intend to accomplish all the planned improvements over a number of versions.

Percival decided to step down as lead developer and product manager, turning his roles over to Kier Darby.