diff --git a/recipes-ti/multiprocmgr/multiprocmgr.inc b/recipes-ti/multiprocmgr/multiprocmgr.inc
index 9c134c44..b8bbb567 100644
--- a/recipes-ti/multiprocmgr/multiprocmgr.inc
+++ b/recipes-ti/multiprocmgr/multiprocmgr.inc
@@ -8,10 +8,10 @@ MULTIPROCMGR_GIT_URI = "git://git.ti.com/keystone-linux/multi-proc-manager.git"
 MULTIPROCMGR_GIT_PROTOCOL = "git"
 MULTIPROCMGR_GIT_BRANCH = "master"
 
-# The following commits correspond to DEV.MPM-3.00.01.00
-MULTIPROCMGR_SRCREV = "6c2c0f7d14d34eb9074c6d6a6bd112da3751fb7e"
+# The following commits correspond to DEV.MPM-3.00.02.00
+MULTIPROCMGR_SRCREV = "303692fe954f36df91c90c300875a6587cb23556"
 
-PV = "3.0.1.0"
+PV = "3.0.2.0"
 INC_PR = "r0"
 
 BRANCH = "${MULTIPROCMGR_GIT_BRANCH}"
diff --git a/recipes-ti/multiprocmgr/multiprocmgr_git.bb b/recipes-ti/multiprocmgr/multiprocmgr_git.bb
index 2960ee35..cafcd980 100644
--- a/recipes-ti/multiprocmgr/multiprocmgr_git.bb
+++ b/recipes-ti/multiprocmgr/multiprocmgr_git.bb
@@ -7,7 +7,7 @@ SRC_URI_append = " file://mpmsrv-daemon.service"
 
 PR = "${INC_PR}.1"
 
-DEPENDS = "mpm-transport libdaemon virtual/kernel"
+DEPENDS = "mpm-transport libdaemon virtual/kernel cmem"
 RDEPENDS_${PN} = "syslog-ng"
 
 PACKAGE_ARCH = "${MACHINE_ARCH}"