HubSpot, the inbound lead-focused CRM application, has nearly doubled this year and is trading near all-time highs.

While growth was strong in the high 30s in FY17, an oversaturated CRM environment and the tightening grip of large-cap leaders will likely put a damper on growth in FY18.

HubSpot has a limited developer ecosystem, unlike Salesforce/Microsoft/Oracle, whose CRM suites are backed by virtually limitless extensions.

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