Clover Studio was an independent Japanese development studio founded on July 1, 2004 and funded by Capcom Japan. The name "Clover" was supposedly an abbreviation of "Creativity Lover", however according to Clover's CEO Atsushi Inaba the name "Clover" derives from the Japanese syllables mi ("three") and ba ("leaf") coming from the names of Shinji Mikami and Clover's Atsushi Inaba.
The studio focused on creating new intellectual property rather than sequels. Their games became recognized for their artistry, originality, and inventiveness which gained them critical acclaim. However their games failed financially and did not perform on par with Capcom's sales expectations. Capcom attempted to merge the studio back into their internal R&D but those at the studio felt stifled under the weight of Capcom's corporate management who were reluctant or actively opposed to risky new ideas and chose to leave the company instead. Clover was closed and all it’s intellectual properties defaulted back to Capcom.
Talent from Clover regrouped to form Seeds Inc. which in October 2007 merged with ODD Incorporated to form Platinum Games. Other members including the art director of Ōkami went on to join Ignition Entertainment.
This is not the same company as Clover Games Inc. or Clover Games LLC.