diff --git a/pyproject.toml b/pyproject.toml
index 567d48cd..e4d2791b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "specify-cli"
-version = "0.0.20"
+version = "0.0.21"
 description = "Specify CLI, part of GitHub Spec Kit. A tool to bootstrap your projects for Spec-Driven Development (SDD)."
 requires-python = ">=3.11"
 dependencies = [
diff --git a/src/specify_cli/__init__.py b/src/specify_cli/__init__.py
index ae9c75fb..93515388 100644
--- a/src/specify_cli/__init__.py
+++ b/src/specify_cli/__init__.py
@@ -1196,6 +1196,86 @@ def check():
     if not any(agent_results.values()):
         console.print("[dim]Tip: Install an AI assistant for the best experience[/dim]")
 
+@app.command()
+def version():
+    """Display version and system information."""
+    import platform
+    import importlib.metadata
+    
+    show_banner()
+    
+    # Get CLI version from package metadata
+    cli_version = "unknown"
+    try:
+        cli_version = importlib.metadata.version("specify-cli")
+    except Exception:
+        # Fallback: try reading from pyproject.toml if running from source
+        try:
+            import tomllib
+            pyproject_path = Path(__file__).parent.parent.parent / "pyproject.toml"
+            if pyproject_path.exists():
+                with open(pyproject_path, "rb") as f:
+                    data = tomllib.load(f)
+                    cli_version = data.get("project", {}).get("version", "unknown")
+        except Exception:
+            pass
+    
+    # Fetch latest template release version
+    repo_owner = "github"
+    repo_name = "spec-kit"
+    api_url = f"https://api.github.com/repos/{repo_owner}/{repo_name}/releases/latest"
+    
+    template_version = "unknown"
+    release_date = "unknown"
+    
+    try:
+        response = client.get(
+            api_url,
+            timeout=10,
+            follow_redirects=True,
+            headers=_github_auth_headers(),
+        )
+        if response.status_code == 200:
+            release_data = response.json()
+            template_version = release_data.get("tag_name", "unknown")
+            # Remove 'v' prefix if present
+            if template_version != "unknown" and template_version.startswith("v"):
+                template_version = template_version[1:]
+            release_date = release_data.get("published_at", "unknown")
+            if release_date != "unknown":
+                # Format the date nicely
+                from datetime import datetime
+                try:
+                    dt = datetime.fromisoformat(release_date.replace('Z', '+00:00'))
+                    release_date = dt.strftime("%Y-%m-%d")
+                except Exception:
+                    pass
+    except Exception:
+        pass
+
+    info_table = Table(show_header=False, box=None, padding=(0, 2))
+    info_table.add_column("Key", style="cyan", justify="right")
+    info_table.add_column("Value", style="white")
+
+    info_table.add_row("CLI Version", cli_version)
+    info_table.add_row("Template Version", template_version)
+    info_table.add_row("Released", release_date)
+    info_table.add_row("", "")
+    info_table.add_row("Python", f"{sys.version_info.major}.{sys.version_info.minor}.{sys.version_info.micro}")
+    info_table.add_row("Platform", platform.system())
+    info_table.add_row("Architecture", platform.machine())
+    info_table.add_row("OS Version", platform.version())
+
+    panel = Panel(
+        info_table,
+        title="[bold cyan]Specify CLI Information[/bold cyan]",
+        border_style="cyan",
+        padding=(1, 2)
+    )
+
+    console.print(panel)
+    console.print()
+
 def main():
     app()