Anisotropic models are needed for wave simulation and inversion where a complex geologic environment exists. We extended the theory of wave equation migration velocity analysis to build vertical transverse isotropic models. Because of the ambiguity between depth and in the acoustic regime, we assumed can be accurately obtained from other sources of information, and inverted for the NMO slowness and the anellipticity parameter . We combined the differential semblance optimization objective function with the stacking power maximization to evaluate the focusing of the prestack image in the subsurface-offset domain. To regularize the multiparameter inversion, we built a framework to adapt the geologic and the rock physics information to guide the updates in NMO slowness and . This regularization step was crucial to stabilize the inversion and to produce geologically meaningful results. We tested the proposed approach on a synthetic data set and a 2D Gulf of Mexico data set starting with a fairly good initial anisotropic model. The inversion results revealed shallow anomalies collocated in NMO velocity and and improved the continuity and the resolution of the final stacked images.